Washington Mutual Inc., Seattle, has received a "#1 Strong Buy" rating from Zacks.com.Zacks noted that WaMu recently reported record earnings for the second quarter and boosted its cash dividend to $0.40 per share. "The company has now increased its cash dividend for 32 consecutive quarters," Zacks said. "Analysts feel that the board's decision to significantly increase the cash dividend reflects the overall strength of their business and capital position as well as management's continued commitment to creating shareholder value." Zacks can be found on the Web at http://www.zacks.com.
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